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Richard Sloan from the University of Michigan was first to document what is referred to as the "accrual anomaly". His 1996 paper found that shares of companies with small or negative accruals vastly outperform (+10%) those of companies with large ones.
Syrah Resources's Sloan Ratio for the quarter that ended in Dec. 2025 was -5.47%.
As of Dec. 2025, Syrah Resources has a Sloan Ratio of -5.47%, indicating the company is in the safe zone and there is no funny business with accruals.
Syrah Resources (ASX:SYR) Sloan Ratio % Explanation
A former University of Michigan researcher, Richard Sloan's 1996 paper found that shares of companies with small or negative accruals vastly outperform (+10%) those of companies with large ones. In fact, for the 40-year period between 1962 and 2001, buying the lowest accrual companies and shorting the highest accrual companies resulted in an average annual compounded return of 18%, more than double the S&P 500's 7.4% annual return over the same period.
If the Sloan Ratio is between -10% and 10%, the company is in the safe zone and there is no funny business with accruals.
If the Sloan Ratio is less than between -25% and -10% on the negative side, and between 10% and 25% on the positive side, this is a warning stage of accrual build up.
If the Sloan Ratio is less than -25% or greater than 25%, and this ratio is consistent over several quarters or even years, be careful. Earnings are highly likely to be made up of accruals.
As of Dec. 2025, Syrah Resources has a Sloan Ratio of -5.47%, indicating the company is in the safe zone and there is no funny business with accruals.
Syrah Resources Sloan Ratio % Related Terms
Syrah Resources Sloan Ratio % Historical Data
* Premium members only.
The historical data trend for Syrah Resources's Sloan Ratio % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Syrah Resources Sloan Ratio % Competitor Comparison
For the Other Industrial Metals & Mining subindustry, Syrah Resources's Sloan Ratio %, along with its competitors' market caps and Sloan Ratio % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Syrah Resources Sloan Ratio % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Syrah Resources's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Syrah Resources's Sloan Ratio % falls into.
Earnings contain a lot of non cash earnings which is called accruals. The Sloan ratio is a way to identify firms with low non-cash or accrual-derived earnings relative to their cash flow.
Syrah Resources's Sloan Ratio for the fiscal year that ended in Dec. 2025 is calculated as
For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data.
Syrah Resources's Net Income for the trailing twelve months (TTM) ended in Dec. 2025 was -91.844 (Jun. 2025 ) + -61.508 (Dec. 2025 ) = A$-153.35 Mil.
Syrah Resources's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was -55.207 (Jun. 2025 ) + -30.732 (Dec. 2025 ) = A$-85.94 Mil.
Syrah Resources's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2025 was -7.041 (Jun. 2025 ) + -1.851 (Dec. 2025 ) = A$-8.89 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Syrah Resources (ASX:SYR) has a Sloan Ratio % of -5.47% as of Dec. 2025. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Syrah Resources and its competitors.
Is Syrah Resources' Sloan Ratio % too high?
Syrah Resources' current Sloan Ratio % is -5.47%. Overall, Syrah Resources has a GF Score™ of 30/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Syrah Resources' Sloan Ratio % compare to competitors?
Syrah Resources' Sloan Ratio % of -5.47% can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Sloan Ratio % for a Metals & Mining company?
A good Sloan Ratio % depends on the Metals & Mining industry context. However, Sloan Ratio % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Sloan Ratio % mean?
A high Sloan Ratio % can signal that a stock is expensive relative to its fundamentals. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Syrah Resources and its competitors. Syrah Resources's current Sloan Ratio % is -5.47%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Syrah Resources stock overvalued right now?
Based on GuruFocus' analysis, Syrah Resources (ASX:SYR) is currently considered Possible Value Trap. The stock's GF Value™ is A$0.17, compared to a current price of A$0.11 — trading 35.3% below its estimated fair value. The current Sloan Ratio % is -5.47%. Syrah Resources' overall GF Score™ is 30/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Sloan Ratio % calculated?
Sloan Ratio % is calculated from a company's financial statements. For Syrah Resources (ASX:SYR), the current Sloan Ratio % is -5.47% as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Syrah Resources (ASX:SYR) Overvalued in 2026?
Based on GuruFocus' analysis, Syrah Resources stock appears to be undervalued.
The current stock price of A$0.11 is trading 35.3% below its estimated GF Value™ of A$0.17.
GuruFocus considers Syrah Resources to be Possible Value Trap.
Key valuation signals for ASX:SYR:
Sloan Ratio %: -5.47%
GF Value™: A$0.17 vs. price of A$0.11 (35.3% below fair value)
No single metric tells the full story. See the ASX:SYR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Syrah Resources Ltd is a vertically integrated graphite and battery anode material producer. It supplies products for battery and industrial applications. The company operates in three segments: i) Balama: Production, distribution and sale of natural graphite from the Balama Graphite Operation in Mozambique, ii) Vidalia: Production, qualification and sale of AAM from the Vidalia AAM facility, and Corporate: Corporate administration, treasury and investing activities. The majority of revenue is derived from the Balama segment. Geographically, the maximum revenue is derived from Asia (excluding China and India), and the rest from China, Europe, India, the Americas, and Other locations.
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